Media OutReach
Sino Land is Well-Positioned to Capitalise on Opportunities Stable Interim Dividend at HK15 Cents per Share
- The Group’s unaudited underlying profit attributable to shareholders, excluding the effect of fair-value changes on investment properties for the six months ended 31 December 2024 (“Interim Period”) was HK$2,241 million (2023: HK$2,945 million).
- Steady interim dividend at HK15 cents per share.
- Attributable revenue from property sales for the Interim Period, including share from associates and joint ventures, was HK$2,448 million (2023: HK$6,635 million). Five new residential projects scheduled for launch in 2025.
- The Group has a visible pipeline for property sales recognition. Approximately HK$11.3 billion of total attributable contracted sales are yet to be recognised, with approximately HK$9.1 billion expected for recognition in the second half of FY2024/2025.
- Attributable gross rental revenue, including share from associates and joint ventures, was HK$1,748 million (2023: HK$1,777 million).
- The Group’s hotel revenue, including attributable share from associates and joint ventures, was HK$794 million compared with HK$811 million in the same period last year. Gross operating profit was HK$261 million, an increase of 2.8% compared with HK$254 million in the same period last year.
- As at 31st December, 2024, the Group had a land bank of approximately 19.4 million square feet of attributable floor area in Mainland China, Hong Kong, Singapore and Sydney, sufficient to meet the Group’s development needs over the next few years. The Group will continue to be selective in replenishing its land bank to optimise its earnings potential.
Financial Highlights
| For the six months ended 31 December: | 2024 | 2023 | Change | |
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| Revenue | HK$3,854 million | HK$4,923 million | -21.7% | |
| Underlying profit | HK$2,241 million | HK$2,945 million | -23.9% | |
| Profit attributable to shareholders | HK$1,820 million | HK$2,616 million | -30.4% | |
| Dividend per share | ||||
| Interim | HK15 cents | HK15 cents | – |
Results and Business Highlights
HONG KONG SAR – Media OutReach Newswire – 26 February 2025 – Sino Land Company Limited (Stock Code: 83) today announced its interim results for the six months ended 31 December 2024 (the “Interim Period”). The Group’s unaudited underlying profit attributable to shareholders, excluding the effect of fair-value changes on investment properties for the Interim Period was HK$2,241 million (2023: HK$2,945 million). Underlying earnings per share was HK$0.26 (2023: HK$0.35).
After taking into account the revaluation loss (net of deferred taxation) on investment properties of HK$407 million (2023: revaluation loss of HK$142 million), which is a non-cash item, the Group reported a net profit attributable to shareholders of HK$1,820 million for the Interim Period (2023: HK$2,616 million). Earnings per share was HK$0.21 (2023: HK$0.31).
Interim dividend of HK$15 cents per share
The Board of Directors has declared an interim dividend of HK15 cents per share. (2023: HK15 cents per share). The steady interim dividend underscores the Group’s solid financial position. As at 31 December 2024, the Group had net cash of HK$45,880 million.
Property Sales – Five new projects scheduled for launch in 2025
Total revenue from property sales for the Interim Period, including property sales of associates and joint ventures, attributable to the Group was HK$2,448 million (2023: HK$6,635 million).
The Group has five new residential projects scheduled for launch in 2025. These include ONE CENTRAL PLACE in Central, Yau Tong Ventilation Building Property Development, Grand Mayfair III in Yuen Long, and LOHAS Park Package Thirteen Property Development in Tseung Kwan O which have obtained pre-sale consents. In addition, the Group expects to obtain pre-sale consent for Wing Kwong Street/Sung On Street Development Project in To Kwa Wan in calendar year 2025. The timing for launching these projects for sale will depend on when the pre-sale consent is received and the prevailing market conditions. Subsequent to the Interim Period, certain units of La Montagne in Wong Chuk Hang were launched for sale in January 2025.
As at 31 December 2024, the Group had a land bank of approximately 19.4 million square feet of attributable floor area in Mainland China, Hong Kong, Singapore and Sydney, which is sufficient to meet the Group’s development needs over the next few years.
Diversified and balanced investment properties portfolio showed long-term resilience
For the Interim Period, the Group’s attributable gross rental revenue, including share from associates and joint ventures, was HK$1,748 million (2023: HK$1,777 million), representing a decrease of 1.6% year-on-year. This decline was primarily due to emerging challenges in the retail sector. Given the dynamic nature of the current operating environment, the Group is continuously refining and optimising our tenant mix, while also organising ongoing marketing and promotional activities in our shopping malls to boost foot traffic.
Among the different sectors, residential showed the biggest improvement, with occupancy rate rising by 1.1 percentage points to 89.0 % (2023: 87.9%). The industrial sector also saw an increase of 0.2 percentage points to 89.7% (2023: 89.5%). Hong Kong remains well-positioned to capitalise on its status as an international hub and financial centre. The ongoing integration into national development initiatives such as the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and the Northern Metropolis proposed by the HKSAR Government, will further bolster Hong Kong’s role as a key hub connecting the country with the world. Additionally, the various talent schemes launched by the HKSAR Government, along with the recent pickup in financial market activities, are expected to bolster the Group’s rental income over time.
As at 31 December 2024, the Group has approximately 13.2 million square feet of attributable floor area of investment properties and hotels in Mainland China, Hong Kong, Singapore and Sydney.
Hotel Operations – Continuous improvement in profitability
In 2024, Hong Kong saw a steady improvement in tourism. Visitors from Mainland China made up 76% of total visitor arrivals, posting a year-on-year increase of 27% to 34.0 million. Long-haul markets also experienced more than a 50% growth. The Group’s overseas operations in Singapore and Sydney continued to deliver encouraging results, with continuous improvement in gross operating profit during the Interim Period. For the Interim Period, the Group’s hotel operating profit increased by 2.8% to HK$261 million, driven by sustained occupancy rates and stringent cost containment measures.
Looking ahead, the opening of the Kai Tak Sports Park in the first quarter of 2025, the development of panda tourism, and the resumption of multiple-entry permits for Shenzhen residents are expected to support the growth of the tourism industry and inject new momentum into Hong Kong’s hospitality industry. Management continued to prioritise cost control while actively seeking new strategies to enhance the quality of our hotel services and improve efficiency.
With robust financials and sustainable strategies, the Group is well-positioned to capitalise on opportunities
The Group is making steady strides on its sustainability journey. In the Interim Period, Sino Land was included in the Dow Jones Sustainability World Index (DJSI World) while maintaining its position in the DJSI Asia Pacific Index for the third consecutive year. In addition, Sino Land has recently been selected as a constituent of the FTSE4Good Index Series and achieved an AA+ rating in the Hang Seng Corporate Sustainability Index Series for the second consecutive year. These recognitions reaffirm Sino Land’s commitment to promoting ESG and sustainability.
Our robust financials and sustainable business strategies underpin the Group’s commitment to creating long-term value for our shareholders:
- Approximately HK$11.3 billion of total attributable contracted sales are yet to be recognised, with approximately HK$9.1 billion expected for recognition in the second half of FY2024/2025.
- Five new residential projects scheduled for launch in 2025.
- Diversified and growing investment property portfolio providing stable recurrent income.
- Committed to sustainability and promoting positivity in the community.
- Strong financial position to support future growth
“Looking ahead to 2025, the Group will remain vigilant and adaptable amidst the rapidly evolving macroeconomic environment. Our leadership emphasises the importance of solid fundamentals, deep customer insights, sustainability and the commitment to excellence. We shall continue to enhance productivity and efficiency, along with careful financial management. With robust financials and sustainable business strategies, the Group is well equipped to navigate challenges and seize opportunities that arise,” said Mr. Robert Ng Chee Siong, Chairman of Sino Land.
Please download photos from here.
Hashtag: #SinoLand
The issuer is solely responsible for the content of this announcement.
CareerSense Matters in Today’s Job Market
The global workforce is evolving rapidly. Automation, digitalisation, and emerging technologies are creating new opportunities while presenting new challenges. Navigating this landscape requires more than academic credentials; it demands self-awareness, adaptability, and strategic planning.
CareerSense addresses these needs by combining artificial intelligence with career development expertise, offering a personalised, data-driven approach to job readiness. It functions as a comprehensive career coach, accessible anytime and anywhere.
Key Features That Set CareerSense Apart
CareerSense offers a comprehensive suite of features designed to empower students throughout their career journey. Its AI-driven VIPS profiling evaluates Values, Interests, Personality, and Skills to deliver personalised career recommendations aligned with individual strengths and aspirations. The smart resume builder provides real-time scoring and improvement tips, while the job-matching algorithm connects students to roles that fit their unique profiles. Through integrated access, students can RSVP for events, schedule advisory sessions, and apply for internships and job listings seamlessly. Additionally, the Employability Index measures job readiness and works alongside skill gap analysis and tailored course recommendations to help students stay competitive in today’s dynamic job market.
The Bigger Picture: Empowering Future-Ready Graduates
The future of work is shaped by constant change, technological disruption, and global connectivity. Employers seek individuals who are adaptable, self-aware, and equipped with relevant skills. CareerSense empowers students to take ownership of their career journey, understand their strengths, identify gaps, and build competencies that matter in the real world.
This initiative reflects SIM’s commitment to lifelong learning and employability, ensuring graduates are not only job-ready but future-ready. In a competitive market, CareerSense positions SIM learners as confident, agile professionals prepared to lead in the digital economy.
References:
- Introducing CareerSense: Your All-in-One Personalised Career Buddy On-The-Go – https://www.sim.edu.sg/articles-inspirations/introducing-careersense-your-all-in-one-personalised-career-buddy-on-the-go
- Career Service – https://www.sim.edu.sg/degrees-diplomas/life-at-sim/career-services
- SIM Career Sense App (Google Play Store) – https://play.google.com/store/apps/details?id=sg.edu.sim.careersense&hl=en-US&pli=1
- SIM Career Sense App (Apple Store) – https://apps.apple.com/sg/app/sim-careersense/id1641839680
- Introducing CareerSense: Your Guide to Career Success After Graduation – https://regional.simge.edu.sg/en/introducing-careersense-your-guide-to-career-success-after-graduation/
Hashtag: #SIMGlobalEducation #SIMGE #GlobalEducation #InternationalDegree #CareerReady #FutureSkills
The issuer is solely responsible for the content of this announcement.
About SIM Global Education
SIM Global Education (SIM GE) is a leading private education institution in Singapore and the region. We offer more than 140 academic programmes ranging from diplomas and graduate diploma programmes to bachelor’s and master’s degree programmes with some of the world’s most reputable universities from Australia, Canada, Europe, United Kingdom, and the United States. SIM GE’s cohort is made up of 16,000 full- and part-time students and adult learners, of which approximately 36% are international students hailing from over 50 countries.
SIM GE’s holistic learning approach and culturally diverse learning environment aim to equip students with knowledge, industry skills and employability competencies, as well as a global perspective to succeed as future leaders in a fast-changing, technologically driven world.
For more information on SIM Global Education, visit sim.edu.sg
Hong Kong and Macau Organisations Honoured for Outstanding Achievements ESG-led Business for a Sustainable Future
HONG KONG SAR – Media OutReach Newswire – 19 December 2025 – With global acceleration towards sustainable development and rising expectations from investors and stakeholders for responsible business practices, Hong Kong and Macau enterprises in recent years have been actively integrating Environmental, Social and Governance (ESG) vision into their business strategies to drive green transformation and high-quality growth. Organised by Television Broadcasts Limited (TVB) and co-organised by the Hong Kong Productivity Council, the TVB ESG Awards 2025 (the Awards) aim to recognise and commend enterprises and organisations that have demonstrated outstanding performance in ESG and sustainable development. Now in its fourth edition, this annual flagship event recognise outstanding organisations and their achievements in ESG practices over the past year.
The ceremony was officiated by Mr. Michael WONG, GBS, JP, Deputy Financial Secretary; Dr. LAM Ching-choi, GBS, JP, Non-official Member of the Executive Council & Chairman of the Council for Carbon Neutrality & Sustainable Development; Mr. SIU Sai Wo, General Manager (Business Operations), Television Broadcasts Limited; and Dr. Lawrence CHEUNG Chi-chong, Chief Technology Officer, Hong Kong Productivity Council. Following the Green Summit held in July this year, the presentation ceremony also featured sharing sessions, inviting industry leaders and experts to exchange the latest trends and practical experience. In addition, the enhanced matching sessions enabled enterprises to connect with numerous attendees through exhibition booths to promote cross-sector collaboration and knowledge sharing.
Diverse Award Categories Recognise ESG Efforts of Hong Kong and Macau Industries
This year’s Awards include the “Outstanding ESG Award”, “Best in ESG Practices”, “Best in ESG Report”, “ESG Environmental Innovative Technology Award” and “ESG Social Innovative Technology Award”. Entries were open to five groups, namely large, medium, small market capitalisation/ GEM listed companies, as well as non-listed companies and non-profit organisations, to recognise the achievements of enterprises of different scales in ESG practices, reporting and innovation. To identify outstanding performers, a cross-sector professional judging panel appointed by TVB were responsible for assessing entries, using clear and diversified selection criteria that mainly cover five areas: environment, social, corporate governance, sustainability strategy, corporate information disclosure and communication.
Additionally, a new “Greater Bay Area ESG Excellence Enterprise Award (Macau SAR)” has been introduced this year to recognise Macau enterprises and organisations with outstanding ESG performance that actively promote sustainable development in the Macau community. Furthermore, to enhance and recognise the excellent performance of small and medium-sized enterprises (SMEs) in ESG practices and innovation, TVB has collaborated with the “ESG One” platform of the Hong Kong Productivity Council to launch the “SME ESG Excellence Award” this year. The award covers five areas: “Business Decarbonisation”, “Employee Care”, “Supply Chain Partnership”, “Sustainable Governance” and “ESG Technology Enhancement”, helping SMEs to progressively enhance their ESG performance. Organisations that did not receive the above ESG category awards but have actively performed and implemented ESG initiatives in various aspects will be eligible for nomination of “ESG Special Recognition Award – with Merit” or “ESG Special Recognition Award” in acknowledgement of their contributions.
Mr. Michael WONG, GBS, JP, Deputy Financial Secretary, said in his keynote speech, “Hong Kong possesses significant advantages in green economy transformation. As the city’s two major innovation and technology flagships, Hong Kong Science Park and Cyberport have now brought together over 270 green technology companies, representing growth of more than 80% compared to 2023, reflecting remarkably rapid development in recent years. Hong Kong can provide diversified investment and financing channels, enabling international capital to match with quality green projects. As of the end of September this year, there are over 200 SFC-authorised ESG funds with assets under management exceeding HKD1.1 trillion, demonstrating that investors are increasingly prioritising investment in sustainable development. The Government looks forward to continued collaboration with all of you to jointly build our sustainable future and make outstanding contributions to Hong Kong’s green economic development.”
Mr. SIU Sai Wo, General Manager (Business Operations), Television Broadcasts Limited, said, “The TVB ESG Awards 2025 received over 250 corporate entries this year, reflecting the growing importance of ESG for enterprises. We are grateful to all award-winning organisations and partners for their continued support of this flagship award. This year’s awardees excelled in ESG performance and set forward-looking models for the industry. TVB is actively supporting enterprises to devote resources to ESG development, incorporate sustainability into business decision-making and operations, and strengthen their sense of social responsibility. The Awards also provide a professional exchange platform for enterprises of different industries and scales to share their ESG strategies and tangible outcomes with a wider range of stakeholders.”
To help the public gain a more comprehensive understanding of the vision, mission and innovative strategies of various enterprises, the presentation ceremony featured sharing sessions. The judge Dr. Lawrence CHEUNG Chi-chong, Chief Technology Officer, Hong Kong Productivity Council, together with representatives from enterprises receiving the Outstanding ESG Award, exchanged practical insights. As the highest honour of this year’s Awards, the Outstanding ESG Award is conferred upon top-tier organisations in each category that have achieved the best performance in both “ESG Practices” and “ESG Report”. The award-winning enterprises shared their insights in the session titled “Partnering Across Sectors to Co-create a Low-carbon Future”:
- Ms. Jessica CHAN, Head of Sustainability of MTR Corporation, shared how MTR leverages its diversified business portfolio to drive carbon reduction and social inclusion in daily operations, thus encouraging business partners to enhance their ESG performance.
- Ms. Angel SZE, Company Secretary and Head of ESG Management Committee, Fosun International Limited, who shared how Fosun is driving innovation and global development to create value, while highlighting effective ESG practices for cross‑industry and cross‑regional enterprises.
- Ms. Connie LAU, Assistant General Manager, Legal Department, China State Construction Development Holdings Limited, who used examples of innovative applications to demonstrate the company’s breakthroughs and decarbonisation goals.
- Mr. Jonathan CHIU, President, Schneider Electric Hong Kong, who highlighted the company’s commitment as a global energy technology leader to driving efficiency and sustainability by electrifying, automating and digitalising industries, businesses and homes, contributing to Hong Kong’s low-carbon transition.
- Mr. Peter LEE, Chief Sustainability Officer, Airport Authority Hong Kong, elaborated on how the authority collaborates with business partners and extends the sustainability concept to the society and education sector.
- Mr. Oswald AU, Managing Director, Riskory Consultancy Limited, shared how SMEs can drive ESG through innovative solutions and practical actions, while leveraging mega event economy development to create greater impact.
Building on these insights, another sharing session titled “Building a Green and Sustainable Pathway: Advancing Liveable, Inclusive Smart Cities” invited Mr. Andy WONG, Senior Manager, Advocacy, Our Hong Kong Foundation, as moderator. He was joined by Ir. Franco CHEUNG, Director (Projects), Hong Kong Housing Society, Mr. Samuel KWONG, Senior Associate Director – ESG, Chinachem Group and Mr. Jeffery LOK, Managing Director, Kwan On Chemical Enterprise Co. Ltd., for in-depth discussions on topics such as decarbonisation planning, the application of green building technologies including Modular Integrated Construction (MiC), kitchen and grease trap waste oil recycling, exploring the roadmap for Hong Kong and Macau’s sustainable urban development and environmental benefits.
Strong Corporate Involvement Fosters Cross-Sector Connections
This year’s ceremony attracted enthusiastic participation from numerous enterprises and organisations, including listed companies, non-listed companies and non-profit organisations, signalling the local market’s increasing commitment to ESG. Enhanced matching sessions with exhibition booths were arranged before and after the ceremony, allowing participants to engage in in-depth exchanges on green technology solutions, sustainable development and eco-friendly materials, and to explore collaboration opportunities.
For the full list of award winners, please visit: https://www.tvbesg.com.hk/past-awards/esg-awards-2025
High resolution photos HERE
Hashtag: #TVBESGAwards #TVB #ESG #Corporate
The issuer is solely responsible for the content of this announcement.
About TVB ESG
Since 2022, TVB ESG has been committed to building a professional exchange platform for local sustainable development, promoting a deeper understanding, implementation, and strategic development of Environmental, Social and Governance (ESG) issues among businesses and different sectors of society. TVB ESG works closely with various organisations to foster cross-sector collaboration, help enterprises expand their professional networks and strengthen industry connections, while enhancing their visibility in the market and industry through diverse channels, thereby amplifying their impact in the ESG field.
To enhance industry exchange and promote a culture of sustainability, TVB ESG organises three core events every year, the Green Forum, the Green Summit and the “TVB ESG Awards”. These events aim to focus on key environmental issues and emerging trends, bringing together industry leaders and experts to provide forward-looking insights for enterprises, promote knowledge sharing, and facilitate the exchange of best practices. Through the “TVB ESG Awards”, TVB ESG also recognises enterprises and organisations with outstanding achievements in sustainable development, encouraging the industry to continuously implement and elevate ESG standards.
1. Work Injury Claims Data (Total: 1,032 Cases)
Sick Leave Distribution:
- 0 – 30 Days: 279 cases
- 31 – 100 Days: 323 cases
- 101 – 300 Days: 261 cases
- 301 – 700 Days: 145 cases
- 701 – 1,000 Days: 18 cases
- 1,001 – 2,000 Days: 3 cases
- Over 2,000 Days: 3 cases
Summary: Over 58% of cases involve fewer than 100 days of sick leave, indicating that minor injuries remain the norm. However, extreme cases exceeding 2,000 days highlight the dire need for long-term legal and financial support for severely injured workers.
Assessment of Earning Capacity:
- 0% – 4%: 745 cases
- 5% – 14%: 188 cases
- 15% – 34%: 52 cases
- 35% – 64%: 11 cases
- 65% – 94%: 10 cases
- 95% – 100%: 26 cases
Summary: A “pyramid” distribution is observed, with 72% involving minor impairments. Yet, the 26 cases of near-total disability (95-100%) underscore the catastrophic impact of high-risk workplace accidents on families.
Estimated Results:
- HK$0 – $50,000: 381 cases
- HK$50,001 – $100,000: 226 cases
- HK$100,001 – $200,000: 147 cases
- HK$200,001 – $500,000: 109 cases
- HK$500,001 – $1,000,000: 125 cases
- HK$1,000,001 – $2,000,000: 31 cases
- HK$2,000,001 – $5,000,000: 13 cases
Summary: 16% of inquiries yield estimates above HK$500,000. These cases often involve complex future loss of earnings, signaling a high demand for specialized legal advocacy in high-value claims.
2. Traffic Accident Claims Data (Total: 868 Cases)
Injured Body Parts:
- Back / Spine: 176 cases
- Lower Back / Hips: 118 cases
- Head: 112 cases
- Shoulder: 111 cases
- Neck: 105 cases
- Leg: 104 cases
- Knee: 74 cases
- Arm: 68 cases
Summary: Back and spine injuries are the most frequent, often resulting from whiplash in rear-end collisions. These injuries are critical for PSLA (Pain, Suffering, and Loss of Amenities) evaluations in civil court.
Nature of Injuries:
- Sprain: 241 cases
- Fracture: 180 cases
- Contusion: 169 cases
- Nerve / Brain: 139 cases
- Internal: 74 cases
- Dislocation: 65 cases
Summary: While sprains are most common, the high number of nerve and brain injuries (139 cases) is concerning, as these often lead to permanent functional impairment.
Estimated Results:
- HK$0 – $100,000: 422 cases
- HK$100,001 – $200,000: 162 cases
- HK$200,001 – $500,000: 179 cases
- HK$500,001 – $1,000,000: 98 cases
- HK$1,000,001 – $2,000,000: 5 cases
- HK$2,000,001 – $10,000,000: 0 cases
- Over HK$10,000,000: 2 cases
Summary: Traffic claims show extreme polarization. While most stay below HK
$100k, two cases exceeded HK$ 10 million, reflecting the massive social cost of life-altering road collisions.
Mandatory Disclaimer
IMPORTANT: All compensation figures are generated by the “AI Compensation Calculator” based on user input. These are preliminary estimates only and not final actual compensation amounts. Final payouts depend on court rulings, liability apportionment, and medical evidence. Victims must seek formal legal advice from practicing lawyers.
Hashtag: #HKAccidentLawyers #HKCivilClaim #PersonalInjury #WorkInjury #CivilClaims #ClaimsData
The issuer is solely responsible for the content of this announcement.
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